Cop: China signals support for Corsia implementation

: Emissions
26/11/12

China will contribute to the fair and effective implementation of the international aviation carbon market, Chinese vice-president Han Zheng, President Xi Jinping's special representative, made the comments in China's national statement at the Cop 31 climate summit in Antalya, Turkey, on 11 November.

Often, international aviation carbon markets in Chinese government documents refer to the carbon offsetting and reduction scheme for international aviation (Corsia), according to market sources.

China's civil aviation regulator CAAC had also said in its green aviation development plan for 2026-30 that the country would actively participate in the development of domestic and international aviation carbon markets.

While some market participants remain uncertain over the extent and timing of China's participation in Corsia's compliance phase, sources at large Chinese airlines said preparations for Corsia compliance period are already under way.

"Research into and participation in the Corsia market has always been on our work agenda," a source at a major Chinese airline said. "Purchasing Corsia-tagged carbon credits is also not unfamiliar to Chinese airlines," they added.

The said airline has previously purchased small volumes of carbon credits on several occasions, mainly to meet compliance requirements associated with some international routes.

A carbon asset management company based in southwest China also confirmed buying interest, noting that it had received enquiries and completed transactions related to such demand since 2025, with activity becoming more frequent since the middle of this year.

This does not, however, necessarily point to an immediate surge in Chinese end user demand for Corsia-tagged credits, as airlines still have time before they are required to surrender eligible units for compliance in Corsia's second phase.

China has opted out of Corsia's phase one, which is voluntary and covers international aviation emissions above the 2019 baseline for the 2024-26 period. But the country will be automatically part of phase two which covers emissions from 2027 onward and is obligatory for all signatory countries with a few exemptions. The deadline for Corsia obligations for the 2027-29 period is 31 January 2031.

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26/11/13

Cop: US Democrat to spotlight Trump energy actions

Antalya, 13 November (Argus) — The Trump administration's efforts to thwart renewable energy development could be a focus of the incoming chair of the US Senate Judiciary Committee. Senator Sheldon Whitehouse (D-Rhode Island) says he wants to use the committee's jurisdiction over the US Department of Justice and federal courts as tool for looking at how the administration has worked "against climate and against the environment", he said on Friday at the UN Cop 31 climate summit in Antalya, Turkey. In addition, the committee could use its role in approving judicial nominees, namely its ability to slow or block confirmation votes, to secure certain concessions from the administration "It gives us leverage", he said. Whitehouse currently serves as the ranking minority member on the Environment and Public Works Committee but is set to take the reins of the Judiciary Committee when Democrats take control of the Senate in January. Senator Jeff Merkley (D-Oregon) on Thursday said he wants to be chair of the environment panel. Whitehouse declined to say which actions will be the focus of the committee, but he also suggested there could be a limit to how the new Democratic majority conducts oversight of Trump and his policies in light of the recent elections . "I think part of our job in the next Congress should be to figure out where the smart places are to do investigations and not allow that to detract from the work we need to do on the cost and affordability issues that were so important", he said. "We have really got to produce in those areas." More broadly, Democrats as they take control of Congress need to tell the story of how Trump's support of oil and natural gas hurt ratepayers, citing in particular its efforts to curb both onshore and offshore wind , according to Whitehouse "One of the strongest arguments that we have is that the administration stopped clean power deliberately, knowing that it would raise electric rates" and provide more revenue to utilities "and the fossil fuel industry", he said. Democrats will also be able to use other means to affect administration actions. "Bear in mind that as we begin to be able to appropriate, we also have the ability to condition spending, so we can drive agency behavior", he said. By Michael Ball Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

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Cop: Climate Club advises on industry, carbon pricing

26/11/13

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26/11/13

Cop: Climate Club advises on industry, carbon pricing

Berlin, 13 November (Argus) — The Germany-led Climate Club presented at the UN Cop 31 climate conference in Antalya, Turkey, this week guidelines for country-led platforms for industry decarbonisation in developed economies and emerging markets. The guidelines were drawn up by the OECD, which hosts the Climate Club secretariat. They underline the importance of a country's decarbonisation plans being "firmly anchored" in existing national plans such as their climate plan under the Paris climate agreement, known as a nationally determined contribution (NDC). Anchoring decarbonisation plans in overarching policy frameworks helps ensure they fit in with national priorities and broader economic development objectives, taking into consideration energy, infrastructure, innovation, skills and just transition, according to the guidance. The guidance emphasises the importance of moving "beyond" project-by-project approaches towards building pipelines of bankable projects, and mobilising finance at scale. The Climate Club, which now has 52 members including the EU — although neither China nor the US have joined — notes "growing interest" in such industry country platforms. The Climate Club last week published guidance designed to advance the interoperability of carbon accounting approaches across countries and regions, focusing on industry products with a high carbon intensity and which are heavily traded internationally. The guidance argues that as countries have different capabilities and act under different circumstances, interoperability is the best way forward, as it does not require convergence towards a single methodology or policy approach. The guidance recommends countries make use of internationally recognised classification systems for greenhouse gas (GHG) emissions where "appropriate". And countries or regions may require different time periods and technical support if they wish to align existing national systems with internationally recognised classifications, according to the guidelines. The guidance also calls for the "most comprehensive GHG coverage where possible", extending beyond CO2 and based on internationally accepted reporting frameworks such as the Intergovernmental Panel on Climate Change, UN climate arm the UNFCCC, and the GHG Protocol. The guidance also recommends that systems start with companies covering direct emissions and indirect emissions associated with purchased energy, including electricity and other energy inputs, broadly corresponding to emissions scopes 1 and 2 in the GHG Protocol Corporate Standard. Coverage should "progressively" cover all relevant direct and indirect emissions where "possible and appropriate", without adding "unnecessary administrative burden", according to the guidance. Countries should require their companies to adhere to a level of accuracy which meets policy design and implementation needs, but should consider proportionality, technical feasibility, and administrative capacity for measuring and reporting. Cop 31 will separately see the launch of the third four-year phase of the industry decarbonisation initiative LeadIT, started in 2019 by Sweden and India and based at the Stockholm Environment Institute, on 17 November under the theme "Scaling Solutions, Strengthening Cooperation: A Third Phase for the Leadership Group for Industry Transition". The new phase had been jointly suggested earlier this year by the prime ministers of Sweden and India. This sent "high level" signals to the world that the country leaders are serious about industry decarbonisation, a "crucial" message, LeadIT partnerships lead Felipe Sanchez said at a Climate Club event earlier this year. Cop 31 this week saw the official launch of the Turkiye Industrial Decarbonization Investment Platform (Tidip), initiated in 2024 and led by the Turkish ministry of industry and technology. Tidip serves as a collaborative platform to support the country's industrial decarbonisation agenda, with an initial focus on iron and steel, aluminium, cement and clinker, and fertilisers. Tidip partners now include the Islamic Development Bank, International Bank for Reconstruction & Development (IBRD), the European Bank for Reconstruction & Development (EBRD), the World Bank Group through the International Finance Corporation (IFC), the Asia Development Bank (ADB), the European Commission and the European Investment Bank (EIB). By Chloe Jardine Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

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Cop: Support for electrification pledge, finance needed

26/11/12

News

26/11/12

Cop: Support for electrification pledge, finance needed

Edinburgh, 12 November (Argus) — Countries have started to come out in support of Turkey's electrification goal at the UN Cop 31 climate talks in Antalya, Turkey, but developing nations have reminded developed ones that the share of electrification cannot increase without funding and that the pledge cannot become a distraction. UK prime minister Andy Burnham told other nations' leaders at Cop 31 that he is supporting Turkey's pledge for three reasons: to achieve energy security, create good jobs and lower energy bills. The Turkish Cop 31 presidency has set out a broad voluntary "35-by-35" global goal for electricity to reach 35pc of global final energy consumption by 2035, up from around 20pc currently. Burnham's words echoed those of EU commission president Ursula von der Leyen, who said that electrification would lower bills, emissions and offer greater energy security. South Korea's envoy Kang Kumsil said the country was "strongly" supporting the target as it strives to become "an electro-state". Other countries have signalled support for the Turkish target, including Australia, which is presiding over negotiations during the summit, and other European countries such as Germany, Italy, Norway and Finland. Some Pacific Islands, including Palau and Solomon Islands, as well as some African countries have also signalled support, according to observers. "Early support for the 35-by-35 electrification pledge is encouraging, but many more countries need to endorse it and turn their commitments into credible national plans backed by concrete policies and investment," climate think-tank the World Resources Institute (WRI) president Ani Dasgupta said. But for developing countries, the drive to electrify economies must come with the means to implement it. North Macedonia president Gordana Siljanovska-Davkova made this clear during the leader's summit. "We cannot make these transformations alone", she said, adding that "solidarity must be measured in investments". Congo president Felix Antoine Tshisekedi Tshilombo said that electrification is an urgent issue for development and climate justice. Developed countries signalled that they would not increase finance beyond the $300bn/yr agreed to at Cop 29 in Baku and are looking to rope in private capital. The UK's Burnham announced today support for the Amplify programme, which will aim to secure £5bn ($6.6bn) of new private finance for clean energy projects around the world, "taking a modest amount of public funding and converting it into significant sums of private investment." The UK, Norway and Canada also announced a partnership at Cop 31 which could bring $10bn in climate finance by 2030, including mobilised private capital. Ambition But the electrification pledge may prove too broad or not ambitious enough for countries to fully get behind it. Some European nations have said that they want to see a clean energy element attached to it, which does not currently appear on the cards. The IEA said that the 35-by-35 target is already within reach, saying that electricity could "cost-effectively" meet 33pc of the world's final energy consumption by 2035, up from 23pc. Around 70pc of the energy system of Finland is electrified. Electricity accounts for 27pc of the energy consumed in France. China already has a target to raise the share of electricity in final energy consumption to 35pc by 2030. Marshall Islands' president Hilda Heine warned that electrification risks becoming a distraction if policymakers do not confront fossil-fuel use directly. "If it is not tied to the transition away from fossil fuels, it is a distraction from the issue at the heart of the crisis, she said. Turkey's president Recep Tayyip Erdogan said that with the 35-by-35 goal, his country seeks to mobilize the necessary financing, technology and international cooperation. But "we cannot impose a single prescription on anyone, that would be neither right nor fair". By Caroline Varin and Erisa Senerdem Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

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Cop: Colombia backs gas for CO2 reduction

26/11/12

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26/11/12

Cop: Colombia backs gas for CO2 reduction

Bogota, 12 November (Argus) — Colombia is pushing the use of natural gas "for an energy transition that balances environmental protection with energy security" during the UN Cop 31 climate summit, its environment ministry said. According to the Colombian natural gas association Naturgas' 2025 Carbon Footprint Report, the country's gas industry produced 1.86mn metric tonnes of CO2 equivalent (tCO2e) in 2025, a 35pc drop from 1.86mn tCO2e in 2022. Natural gas usage alone avoided 19.67mn tCO2e in 2025 by replacing coal, diesel, fuel oil, gasoline and LPG in thermal power generation, industry, households and transport, the report shows. Colombia is facing dwindling gas reserves and a potential gas shortfall. Naturgas estimates a national shortfall of around 190mn cf/d in 2026, up from 50mn cf/d in 2025. Proven gas reserves currently stand at 1.717 Tcf, a lifespan of 5.9 years, a recent study by energy think tank the regional center for energy studies Cree showed. Climate minister Fabio Arjona argued that Colombia's loss of gas self-sufficiency came due to decisions by the past federal administration that "pushed part of its industry toward more polluting fuels and raised national emissions". Previous president Gustavo Petro — whose term ended on 7 August — vowed to wean the country off fossil fuels, halting the issuance of new oil and gas exploration contracts. During his presidency, Colombia took the international lead on talks on the topic, including hosting a transition summit in April . But current president Abelardo de la Espriella has taken a different stance, seeking to restart exploration. He has also pledged to authorize hydraulic fracturing — banned under Petro — to increase gas production and reduce rising gas imports. Colombia's newly-elected government has already advanced measures to improve natural gas availability, including a 58mn cf/d increase in capacity at the Spec port and progress in the Komodo project, an ultra-deepwater offshore exploration project in the country's Caribbean waters, Arjona said. Brazilian state-controlled Petrobras also has a gas project in Colombia's Caribbean deep waters. Colombia is not the only country to push gas usage as an energy transition measure. Australian prime minister Anthony Albanese in September said his country's "ambitious" climate target is "achievable" thanks to its "abundant renewable potential firmed by gas". Nigeria's nationally determined contribution (NDC) — or climate plan — reiterates its reliance on oil and gas, which account for two-thirds of government revenue and 90pc of foreign exchange earnings. The country expects the sector to grow, while "adopting sustainability measures" such as phasing out routine flaring and cutting fugitive emissions. "Natural gas use will be boosted, serving as a key transition fuel in Nigeria's move towards increased adoption of renewable energy," the NDC said. By Lucas Parolin Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

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Cop: Guatemala targets 50pc cut in forestry emissions

26/11/12

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26/11/12

Cop: Guatemala targets 50pc cut in forestry emissions

Berlin, 12 November (Argus) — Guatemala in its latest climate plan submitted to UN climate arm the UNFCCC aims to halve the greenhouse gas (GHG) emissions from deforestation against a business-as-usual scenario, provided the country receives sufficient funding. The Central American country sets out a target for 2035 of 24pc lower GHG emissions levels than under a business-as-usual scenario and 10pc below its 2022 GHG emissions, in its third so-called nationally determined contribution (NDC) covering 2026-35 submitted to the UN on Thursday. The land use, land use change and forestry (LULUCF) sector would contribute 88pc of the targeted reduction, as the country aims to reduce gross deforestation, increase the restoration of forest cover, and achieve net zero deforestation by 2035. A business-as-usual scenario would put Guatemala's GHG emissions at 74.7mn t of CO2 equivalent (CO2e) in 2035, or 18pc higher than in 2022, with 43pc stemming from the LULUCF sector. Under the 2035 target Guatemala would halve its LULUCF emissions to around 16mn t CO2e. Under this scenario, the energy sector — including transport — would become the country's top emitting sector, although it is expected to record an increase in installed renewable power generation capacity and a higher share of biofuels in the road fuel mix. Other sectors would see relatively little change compared with business as usual. Protecting and restoring the country's forests lies "at the heart" of the new NDC, the Guatemalan government said. International support will be "crucial" to achieving this target and scaling up ambition in future NDC cycles, the government emphasised, pointing to the new collective quantified goal (NCQG) on climate finance's financial obligations towards developing countries. The government expects international support to come through climate finance, technology transfer and capacity building, and the country also aims to participate in "international carbon, biodiversity or other markets", under conditions that "generate additional benefits for the country", the NDC reads. But Guatemala has yet to finalise its NDC investment plan, which will prioritise interventions and establish financial mechanisms to implement its NDC, the government said. Guatemala's participation in cooperative approaches under Article 6 of the Paris climate agreement — which includes two carbon market mechanisms — or other "results-based payment mechanisms" must be consistent with the fulfilment of the country's NDC while generating "benefits" for indigenous peoples or local communities, the government said. By Chloe Jardine Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

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